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This well-maintained two-story apartment building presents an excellent investment opportunity in a highly sought-after market. Comprising 28 units, including twenty-three 2-bed, 1-bath units, three 1-bed, 1-bath units, and one studio. Key features include a separate community laundry room and a gated in-ground pool centrally located in the courtyard, providing a serene escape for residents. The property is secured with a gated entrance, ensuring peace of mind for tenants. Additionally, there are 28 garages with storage, plus 4 extra parking spaces currently being rented, adding to the income potential. The building is efficiently managed with 29 electric meters, 29 gas meters, and 1 water meter. Positioned on a beautiful tree-lined street and the 10 Freeway, this property is an enticing option for investors looking to expand their portfolio in a desirable and thriving area. Buyers and/or their agent to complete their own due diligence in regard to all aspects of the property, including but not limited to income, expenses, and potential rents, etc.
Property Type(s):
Residential Income
| Last Updated | 10/2/2024 | Year Built | 1960 |
|---|---|---|---|
| Community | West Covina | Garage Spaces | 28.0 |
| County | Los Angeles |
Price History
| Prior to Oct 2, '24 | $7,950,000 |
|---|---|
| Oct 2, '24 - Today | $6,950,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | West Covina |
| GARAGE | Assigned, Community Structure, Garage, One Space, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 0.77 acre(s) |
| LOT DESCRIPTION | 26-30 Units/Acre |
| PARKING | Assigned,Garage,One Space,Community Structure |
| POOL | Yes |
| POOL DESCRIPTION | Community,In Ground |
| SEWER | Unknown |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| WATER | See Remarks |
| ZONING | WCR3-MF45* |
Location
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Listed with CENTURY 21 MASTERS
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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